TEST

STATUS

Completed

PROJECT TYPE

Site sale

VENDOR

Lendlease

PURCHASER

Metro Property

Bingara Gorge

Wilton

SITE AREA (HA)

118.23

LOT YIELD (RESIDENTIAL LOTS)

896

Site sale

220 M

The Opportunity

Bingara Gorge represents a landmark masterplanned community land transaction within the Wilton Growth Area—a NSW Priority Growth Area—and was one of the state’s largest single-site residential land sales completed that year.

The property was offered through an Expressions of Interest campaign that closed on 28 April 2021.

Lendlease had previously delivered 904 lots within the established community, together with a retail village, primary school, childcare facilities and community amenities.

The acquisition secured Metro Property’s position within one of Australia’s most active residential growth corridors.

The Masterplan

Bingara Gorge forms part of an established 1,200-lot masterplanned estate. At the time of sale, 751 lots had development approval, with another 81 under assessment, providing the purchaser with immediate development optionality.

The transaction included biodiversity credits and obligations under a Voluntary Planning Agreement, supporting the delivery of a long-term residential pipeline.

The Location

Bingara Gorge is located within the Wilton Growth Area in Sydney’s South West growth corridor, where continued infrastructure investment and residential expansion support its long-term development potential.